Posted on 02/12/2009 9:52:25 PM PST by FromLori
The recent bombshell that Rep. Kanjorski dropped gets bigger and bigger. Atlas reader Suzanne picked up on a mindblowing "detail" in my blog post: "RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN: "A $550 Billion Electronic Run on the Banks". Paul Kanjorski describes the closed door session of Congress where it was revealed that there was a $550 billion electronic run on the banks and that was what caused the economic crisis. In the video, Kanjorski says this occurred on Thursday, September 15, 2008. September 15th was a MONDAY.
THURSDAY was .......SEPTEMBER 11, 2008
This was a Financial Terrorist Attack on the seventh anniversary of 9/11. Aren't the American people entitled to know who was behind the run on the banks?
Why was this kept from the American people before the most important election in US history? And why did Obama treat it as an unimportant incident - accusing McCain of grandstanding when McCain left the campaign trail and flew to Washington? Remember what President Hussein said? "They'll call me if they need me."
FLASHBACK: "Call me if you need me"
When President Hussein was campaigning and the "economic crisis" hit, he did not think it pressing enough to leave the campaign trail, but now we should push through a trillion dollars in legislation without oversight because a few weeks later the King deems it urgent?
(Excerpt) Read more at atlasshrugs2000.typepad.com ...
Those are the facts behind Kajorski's CSPAN revelations.
bump
Whatever. There’s enough evidence out to show what happened and when it happened.
Here are some more "facts" that you'll deny...
Washington Moves To Shore Up Money Market Funds Friday, September 19, 2008
The U.S. government acted Friday morning to prevent a broad collapse in the money market industry as the $3.5-trillion sector saw hundreds of billions of dollars head for the exits.
Snip...The problems at Putnam threatened to spread across the industry, with nearly $90 billion of net investor cash pulled out Wednesday -- the largest single-day drop in history, according to iMoneyNet -- and Thursday saw net outflows of $56 billion.
Everybody, except you, seems to think the meltdown happened before the Fed took action. The Fed reacted to the meltdown, which had already happened and would have continued.
ALMOST ARMAGEDDON
What's that? MON-WED: $144.5B pulled from money market accounts (MMAs)
The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market.
Paulson knew the $105 billion injection was not a real solution. A broader, more radical answer was needed.
Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday.
Come on out and prove me wrong with specifics so you can bask in the glory of having me eat crow!
Show me where...The meltdown in the money markets occurred on the morning of Sept. 18, 2008 at around 11:00 A.M. EST....when EVERYTHING, including the video you touted as showing that the meltdown happened as you say it did, says that you're full of BS and the meltdown happened in the previous three days of Sept. 15-17.
There are good reasons why this information is VERY difficult to find. Markets are fragile beasts, easily stampeded at the sight of shadows or the sound of footsteps. Confidence is everything. This event showed a soft underbelly.
I can't write up the events any better than this.
Beyond that, I'm not interested in digging this corpse up any further. Even though I am prepared to do so, I really have no interest in returning to a primitive economy.
My guess would be Paulson & Bernanke.
There are good reasons why this information is VERY difficult to find.
That's a flat out lie. This information was EASILY found! If it were not for having to evacuate for Ike I probably would have been all over this stuff way back then, but I had a few more pressing things on my mind back then.
You, it seems, found this information easily too. In fact, you linked to the very story in reply #46 that started this whole thing. Here they are tooting their own horn
DEFUSING A $5.5T RUN ON THE BANKS
The Post hit the nail right on the head when it reported exclusively last September that the US narrowly averted a crash of the financial markets, it was recently revealed.
IMO Kanjorski used that article as cliff notes because nobody else used figures anywhere near the $500 billion that The Post did. Hell, even the image they used shows that they exaggerated.
Beyond that, I'm not interested in digging this corpse up any further.
So that's your way of saying you're wrong? What a tool you are!
September 18. 2008 was the date of the near meltdown in the Money Market.
Remember - September 18. 2008
Yes I am.
I have pointed out that, instead of the melt down occurring on 9/11, it occurred on 9/18 - exactly 7 years and 7 days after the towers fell. 9/11 - 7/7 even you should be able to make that connection.
You're all upset because you can't find out who placed these withdrawal orders. Were you as upset when you couldn't find out who held the puts on American and United Airlines for the September 2001 contracts?
Keep digging. You might find something someday.
...instead of the melt down occurring on 9/11...
I agreed with you that it didn't happen on 9/11 after I got to looking into it.
I, however, unlike you, was able to admit my mistake and move on. You still want to push the same erroneous 9/18 date despite a mountain of evidence that proves you're as wrong as can be. THAT is where we're at right now.
You're all upset because you can't find out who placed these withdrawal orders.
Please, don't try to be a mind reader for a living as you'll starve. I could care less about who placed those withdrawal orders. I was looking because I, and you as well, were asked to do so.
Were you as upset when you couldn't find out who held the puts on American and United Airlines for the September 2001 contracts?
No, because I never looked. Nor did I care about that either.
Keep digging. You might find something someday.
You're not a mind reader and you can't tell a joke. You're just as poor in spirit as you are in humor.
PMUB (dyslexic)
Noted for reference.
Bookmark but I expect FREP files to be mysteriously erased any day.
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